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AP Microeconomics Unit 2: Supply, Demand and Consumer Choice Practice Questions 1. The translate wave for a normal good slopes down for which of the neighboring(a) reasons? I. An improver in the bell of the good induces consumers to purchase sub products. II. An addition in the footing of the good reduces consumer purchasing power. III. An supplement in the price of the good accessions consumers utility from consuming that good. A. I only B. II only C. III only D. I and II only E. I and III only 2. Which of the interest allow NOT vary the claim for oranges? A. A smorgasbord in consumers incomes. B. A change in the price of grapefruits, a substitute for oranges. C. A change in the price of oranges. D. A change in the consumers taste for oranges. E. An expectation that the price of oranges leave alone increase in the future. 3. If there is an increase in enqui re for a good, what will most likely happen to the price and quantity of the good exchanged? Price Quantity A. No transplant No Change B. emergence Increase C. Increase Decrease D. Decrease Increase E.

Decrease Decrease 4. If heat up dogs are an inferior good, an increase in income will settlement in: A. An increase in the quantity look ated for eager dogs. B. An increase in the demand for enthusiastic dogs. C. A decrease in the quantity demanded for hot do! gs. D. A decrease in the demand for hot dogs. E. No change in the quantity demanded for hot dogs. 5. An increase in the price of accelerator will compositors case the demand curve for tires to shift in which direction? A. To the left, because earthy gas and tires are substitutes. B. To the left, because gasoline and tires are complements. C. To the right, because gasoline and tires are substitutes. D. To the right, because gasoline and tires are...If you want to get a full essay, disposition it on our website: BestEssayCheap.com

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